Wednesday, December 13, 2006

Warren Buffet

Got this is an email....


There was a one hour interview on CNBC with Warren Buffet, the second richest man who has donated $31 billion to charity. Here are some very interesting aspects of his life:

1)He bought his first share at age 11 and he now regrets that he started too late!

2)He bought a small farm at age 14 with savings from delivering newspapers.

3)He still lives in the same small 3 bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in
that house. His house does not have a wall or a fence.

4) He drives his own car everywhere and does not have a driver or security
people around him.

5)He never travels by private jet,although he owns the world's largest
private jet company.

6)His company, Berkshire Hathaway, owns 63 companies. He writes only
one letter each year to the CEOs of these companies, giving them goals
for the year. He never holds meetings or calls them on a regular

7) He has given his CEO's only two rules. Rule number 1: do
not lose any of your share holder's money. Rule number 2: Do not
forget rule number 1.

8)He does not socialize with the high society crowd. His past time after he
gets home is to make himself some pop corn and watch television.

9) Bill Gates, the world's richest man met him for the first time only 5
years ago. Bill Gates did not think he had anything in common with Warren
Buffet. So he had scheduled his meeting only for half hour. But when Gates
met him, the meeting lasted for ten hours and Bill Gates became a devotee of
Warren Buffet.

10)Warren Buffet does not carry a cell phone, nor has a computer on his

11)His advice to young people: Stay away from credit cards and invest in

Amazing individual indeed.


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